According to a report, IIT, IIM graduates are fetching 137 percent higher salary package than an average engineer, while management graduates from top IIMs are getting 121 percent more than an average MBA graduate.
According to a survey conducted, the students of the top institutes like Indian Institute of Technology (IIT) and Indian Institute of Management (IIM) take the highest salary packages in comparison to other institutes of India.
Global online talent measurement solution provider Mettl conducted a survey campus hiring in 2018 across 194 Engineering and Management institutes in India. This comprehensive survey result highlights salary trends across different college tiers, regions, branches, domains along with giving a detailed account of top job roles, top employers, emerging skills and ideal hiring season.
They found with a rapid increase in demand for hiring quality talent, employers have steered towards campuses of IITs and IIMs.
These are the finding of the survey:
•Top IITs offer the Highest Average Package, of INR 11.1 LPA while INR 4.7 LPA average salary for an engineering graduate in India.
•Top IIM Graduates Get the Highest Average Package, of INR 20.6 LPA while INR 9.3 LPA is the average salary of management graduates of India.
•In IITs, computer science or information technology graduates are receiving the highest annual package of Rs 6.9 lakh per annum.
•Candidates proficient in new-age skills: Candidates proficient in new-age skills like machine learning and data science is found to be hired largely from the top IITs.
•Region-wise analysis of management institutions: West India held a leading position with 17 percent higher compensations than the average salary recorded.
•Graduates from the technology sector: Further, all the graduates from the technology sector received the higher average salary package of Rs 14.8 lakh per annum post-MBA.
•The general management roles accounted for the maximum number of hirings at 31 percent, while roles in senior management were the highest paid jobs commanding 118 percent more than the average salary of MBA graduates, added the report.
Ketan Kapoor, Mettl Chief Executive, and Co-Founder said,’In the present age, there is a rise in demand for skilled candidates across all domains and employers have taken the campus route to attract quality talent to meet this demand. with lack of knowledge regarding which campuses to tap, when to visit, whom to shortlist and what to offer, the whole recruitment cycle can go wrong if your hiring process is not structured. “
He added,’ employers face many challenges during campus placement drives. From early attrition to inability to retain candidates even after rolling out lucrative offer letters, companies face a major challenge that needs to be resolved in order to build loyal future leaders.”